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PAREXEL Reports Third Quarter Fiscal Year 2009 Financial Results
Date:4/27/2009

. In addition, we were able to generate a very respectable level of new business wins in the quarter, despite some market headwinds."

Mr. von Rickenbach continued, "I remain confident regarding PAREXEL's prospects for the future, and believe that our global footprint, and a diverse service offering have positioned us well for the current environment. Revenue growth has been quite healthy, especially on a same-store, constant currency basis. The steps that we have taken over the past year to better leverage our global presence in managing our own costs have been paying off, and we still have a number of initiatives underway which we expect will continue to drive revenue growth and profitability in the coming quarters. On a final note, the integration of ClinPhone is tracking well, and we expect further progress as we go forward."

The Company issued forward-looking guidance for the fourth quarter of Fiscal Year 2009 (ending June 30, 2009), for Fiscal Year 2009, and for Calendar Year 2009, using recent exchange rates. For the fourth quarter, the Company anticipates reporting consolidated service revenue in the range of $271 to $277 million and earnings per diluted share in the range of $0.26 to $0.28. For Fiscal Year 2009, consolidated service revenue is expected to be in the range of $1.075 to $1.080 billion, and GAAP earnings per diluted share are projected to be in the range of $0.83 to $0.85. Adjusted earnings per share for Fiscal Year 2009, excluding a negative impact of $15 million and an associated tax benefit of $7.1 million related to a client's default on a contract in the second quarter, are projected to be in the range of $0.97 to $0.99. (Previously issued FY2009 revenue guidance was for service revenue of $1.095 to $1.115 billion, GAAP earnings per diluted share of $0.80 to $0.84, and adjusted earnings per diluted share of $0.94 to $0.98). For Calendar Year 2009, expectations are for consolidated service r
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SOURCE PAREXEL International Corporation
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